Telltale Games, the company behind games like ‘The Walking Dead’ and 'Game of Thrones,' has laid off almost all of its employees as it winds down operations

Telltale Games, the studio behind narrative-driven adventure games based on properties like "The Walking Dead," "Guardians of the Galaxy," and "Game of Thrones," is reportedly winding down its operations.

The Verge reports that Telltale Games is laying off a significant number of employees, and will retain a crew of about 25 people.

Last August, Telltale Games told Eurogamer that it employed about 400 people.

The layoffs come just months after another report detailed cultural issues within the company, including "constant overwork" and "toxic management."

It looks like Telltale Games, the studio behind narrative-driven games like "The Walking Dead" and "Game of Thrones," might be winding down its operations.

The Verge on Friday reported that Telltale Games laid off "a large number of its staff," and keeping a small group of around 25 employees. Furthermore, The Verge reported that most affected employees were laid off suddenly and without severance.

The new layoffs come just months after another report from The Verge, which detailed how cultural issues within the studio, including "constant overwork" and "toxic management," had driven away its best developers.

Though Telltale Games isn't completely shutting down, it does look like the company is winding down operations significantly. Matt Kim, an editor at USgamer, reports that Telltale will focus on finishing the final season of its "Walking Dead" title, already in progress — but that future projects, like "A Wolf Among Us 2" and a title based on Netflix's "Stranger Things," are effectively cancelled.

We've reached out to Telltale Games for more information, and we'll update the story if we learn more.

Update 5:40 p.m. ET: Telltale Games has confirmed the news, and released the following statement on Twitter: